News

09/23/2018: Blockchain.io

The world of cryptocurrency exchanges is a highly competitive one. Since the latest rise of cryptocurrency prices of last December, people have been more open to trade cryptocurrencies as a means of investment. But they have also hit by a beginners wall when we talk about exchanges. While the emergence of many exchanges has given traders the opportunity to choose which exchange is better, it has also brought a series of scam sites that have deceived many. And even if the chosen exchange is not a scam, many exchanges do not follow laws consistently, and this is the problem that Blockchain.io wants to solve.
Blockchain.io aims to be the most compliant cryptocurrency exchange in the whole world. Their first and foremost premise is to be the “trust exchange”, meaning that they are following the law framework of the European Union to operate without any kind of troubles in all that jurisdiction. This is a big advantage over other known exchanges that, even if solid financially, have had problems with several governments, like Binance in Japan.
Another advantage that this exchange has is that it is being developed by an already established exchange platform called Paymium, a solid startup that is already up and running. It is even announced in its main page. With this endorsement, you can rest easier about the security of your investment, given that some ICOs never get to fruition.
Besides this, as an exchange, Blockchain.io will be a centralized exchange with decentralized settlement, meaning that across blockchain transactions will be done by the same exchange using “atomic swaps”, a technique that lets the system manage the trade of different cryptocurrencies by itself, nullifying the risk of fraud or problems in the same exchange.
Talking about the project as an ICO, it is true that the exchange market is a little crowded at the moment, but we think that there is always room for an exchange that has been conceived with regulation and compliance in mind. This is the best advantage that this project has over other already existent exchanges. The team for this project is almost the same team that has worked in the Paymium exchange, so we believe that their skills are solid enough for the task.
Their token, the BCIO token, will serve to pay trading fees and get discounts according to the amount of token that the user holds at the moment of trading. The offering starts November 27, and if you want to know more about it, visit them here.

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